Benjamin Stewart

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5 Reasons to Go to New Orleans Now

As the tenth anniversary of Hurricane Katrina approaches, it’s a marvel to see how this formerly devastated city has emerged from the wreckage and …

Rogue DEA Agent Allegedly Attempted To Shut Down PayPal's Venmo During Silk Road Investigation

A former agent for the Drug Enforcement Administration allegedly overstepped his powers during the investigation of illicit online narcotics marketplace Silk Road by attempting to seize the company bank accounts of popular peer-to-peer payments service Venmo.<p>On Friday, federal authorities arrested …

Corruption

Magna in talks to sell auto-interiors unit to Grupo Antolin

Magna International Inc., North America's biggest auto-parts maker, is in talks to sell its car-interior business to Spain's Grupo Antolin, people familiar with the matter said.<p>An agreement may be reached as early as April, though talks could still be delayed or fall apart, said the people, who …

UnitedHealth's $12.8 Billion Answer To Expensive Prescription Drugs

In a deal that could help wrest back control over the soaring cost of prescription drugs, UnitedHealth Group’s Optum Rx Corp. will buy pharmacy benefit manager Catamaran Corp. (CTRX) for $12.8 billion.<p>UnitedHealth Group (UNH), already the nation’s largest health insurance company, will become a …

Pharma

U.S. Stocks Rally

Deal-making buoys health-care sector<p>U.S. stocks rose sharply, rebounding from last week’s losses, buoyed by a spate of deal announcements in the health-care sector.<p>The Dow Jones Industrial Average gained 263.65 points, or 1.5%, to 17976.31, while the S&P 500 rose 25.22 points, or 1.2%, to 2086.24. …

Stock Markets

Bank of England's new stress test to include China slowdown and eurozone crash

UK's biggest banks to face tough new stress test<p>The Bank of England’s latest stress tests of the country’s biggest lenders will consider how the banks would cope under a global downturn centred on Asia that led to a fresh eurozone crisis, the worst spell of deflation since the 1930s and nearly two …

February's Pending Home Sales Hit Highest Level Since June 2013, Says NAR

The number of contracts signed to buy previously-owned homes in February hit the highest level since June 2013, thanks to big leaps in the Midwestern and Western regions, the National Association of Realtors said Monday.<p>NAR’s Pending Home Sales Index, which tracks contract signings (as opposed to …

Real Estate

9 American habits I lost in France

1. Hyperactive drinking<p>Chalk it up to the US’ competitive athletics and college drinking culture, but Americans seem to always be on their feet the …